Texas › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Farmer Bros. Co. Pension Plan
Sponsored by Farmer Bros. Co., Fort Worth, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Aug 2025, Farmer Bros. Co. Pension Plan covered 491 participants and held $45.1M in net assets. The plan is a defined benefit pension plan sponsored by Farmer Bros. Co. of Fort Worth, Texas.
Net assets came to $91,872 per participant, above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $2.6M for the year ($70,898 per active participant) and benefits paid were $42.6M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $231K: $470 per participant, above the same-size median of $413. Administrative expenses charged to the plan were $787K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $81.4M in 2019 to $45.1M in 2024 (down 45%), and participants from 788 to 491 (down 38%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $91,872 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | $70,898 | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $470 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.51% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $1,602 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 491 | $45.1M | $91,872 | $2.6M | — | $231K |
| 2023 | 771 | $82.5M | $107,025 | $2.6M | — | $229K |
| 2022 | 778 | $75.5M | $96,985 | $2.2M | — | $230K |
| 2021 | 778 | $75.2M | $96,657 | $1.9M | — | $230K |
| 2020 | 793 | $92.1M | $116,195 | $2.3M | — | $209K |
| 2019 | 788 | $81.4M | $103,286 | $2.5M | $0 | $215K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$82,515,854
- Employer contributions$2,552,311
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$2,552,311
- Total income, including investment results$5,984,205
- Benefits paid$42,604,416
- Administrative expenses$786,534
- Total expenses$43,390,950
- Net income−$37,406,745
- Net transfers$0
- Net assets, end of year$45,109,109
Participants
- Active participants36
- Retired or separated, receiving benefits134
- Retired or separated, entitled to future benefits305
- Participants with account balances0
- Total participants, end of year491
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $230,780 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$555,754
- Contract administrator fees$179,780
- Investment advisory and management fees$51,000
- Total administrative expenses$786,534
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$37.0M · 82.0%
- Common/collective trusts$6.2M · 13.6%
- Receivables$1.1M · 2.4%
- Pooled separate accounts$880K · 2.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmPKF O'Connor Davies, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311900: Other Food Mfg (including coffee, tea, flavorings & seasonings).
Other plans of Farmer Bros. Co.
| Plan | Participants | Net assets |
|---|---|---|
| Farmer Bros. Co. 401(k) Plan | 1,544 | $104M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Houston Refining LP Retirement Plan for Represented Employees | Houston Refining LP | 503 | $75.0M | $149,174 |
| Arizona Chemical Retirement Plan for Collectively Bargained Employees | Kraton Chemical, LLC. | 454 | $12.4M | $27,362 |
| Pension Plan for Employees of Shintech Incorporated and Certain Affiliates | Shintech Incorporated | 506 | $97.0M | $191,769 |
| SHPP Pension Plan | SHPP US LLC | 433 | $86.0M | $198,557 |
| Met-Pro Technologies LLC Consolidated Pension Plan | Met-Pro Technologies LLC | 510 | $25.3M | $49,546 |
| Matrix Metals LLC Employee Pension Plan | Matrix Metals LLC | 426 | $16.4M | $38,590 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Farmer Bros. Co. Pension Plan?
491 participants at the end of the plan year ending 31 Aug 2025, of whom 36 were active employees, with net assets of $45,109,109. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Farmer Bros. Co. contribute per participant?
The filing reports $2,552,311 in employer contributions for the year, which is $70,898 per active participant; the median for plans of the same type and size was $11,032 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $230,780 in compensation to service provider organisations, $470 per participant or 0.51% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $786,534. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Farmer Bros. Co.. Recordkeeping or administration: Principal Life Insurance Company. The financial statements were audited by PKF O'Connor Davies, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 3 Jun 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 95-0725980, plan 002, received 3 Jun 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.